Naples just ranked high again on yet another list this year – actually, No. 1 on this latest one. The city has been ranked on top for future job growth in the United States by Forbes magazine.
Naples has projected annual job gains of 4.6 percent through 2018, according to Moody’s Analytics. John Cox, president of the Naples Area Chamber of Commerce, stated that rapid growth is being seen in tech jobs, construction, tourism, medical care and medical technology. The article also cited that while the Naples community was traditionally built on service and seasonal jobs for the swelling winter population, it is now transitioning into growth in management, construction, health care and information technology. What does this mean as a real estate investor?
Real Estate Investors may be licking their chops and waiting to see if Naples still may top the charts in future job growth. Why you may ask? With the rise in job growth also comes the rise in area population leaving more people needing housing. Real Estate Investors may be able to provide the needed supply of places to live as the demand consistently raises.
To put the cherry on top, add in the fact that Real Estate property values in the Naples, Marco Island and other Collier County areas are expected to continue appreciating over the next decade. Rental income plus sufficient appreciation equals a great time for real estate investors to put their hat in the ring in the SW Florida Real Estate Investment Market.